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Stock Market & Financial Investment News

News Breaks
July 29, 2014
08:48 EDTCTL, WIN, FTRFrontier, CenturyLink rally after Windstream announces spinoff
Frontier Communications (FTR) is up 18% and CenturyLink (CTL) is up 9% after Windstream (WIN) announced plans to spin off its telecom assets into a publicly traded REIT. Shares of Windstream are up 28% following the news.
News For FTR;WIN;CTL From The Last 14 Days
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December 18, 2014
07:16 EDTWINWindstream provides update on REIT spinoff
Windstream provided an update on its planned REIT spinoff. Windstream announced it is refining the transaction structure in certain respects to benefit both Windstream and the REIT. Windstream now expects to retain 19.9% of the shares in the REIT and distribute the remaining 80.1% to Windstream stockholders. The retained shares will be sold opportunistically during a 12-month period following the spinoff, subject to market conditions, with the net proceeds used to retire debt.
December 12, 2014
10:41 EDTWINHigh option volume stocks:
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07:02 EDTWINWindstream names Bob Gunderman as CFO
Windstream announced that Bob Gunderman has been named CFO for the company, effective immediately. Gunderman has been serving as interim CFO since Oct. 1. He will retain his current treasury duties while the company conducts a search for a permanent treasurer.
December 11, 2014
17:01 EDTWINWindstream appoints Tony Thomas as CEO
Windstream Holdings announced that Tony Thomas has been appointed president and CEO and a director of Windstream, effective immediately. Thomas succeeds Jeff Gardner, the company's current president and CEO, who will stay on as senior adviser to the CEO and as a member of the board through Feb. 1, 2015, to ensure an orderly transition. Thomas has principally served as Windstream's CFO over the past eight years and most recently as the company's president of real estate investment trust operations.
16:21 EDTFTRFrontier Communications raises quarterly dividend to 10.5c per share
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December 9, 2014
07:32 EDTCTLUBS to hold a conference
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December 8, 2014
09:03 EDTCTLCenturyLink awarded task order from Department of Homeland Security
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08:06 EDTFTRFrontier Communications now sees FY14 CapEx $575M-$600M
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07:23 EDTFTRUBS to hold a conference
42nd Annual Global Media & Communications Conference is being held in New York on December 8-10 with webcasted company presentations to begin on December 8 at 8 am; not all presentations may be webcasted. Webcast Link

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